secwatch.observer — SEC 8-K summary
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Issuer:     Palmer Square Capital BDC Inc. (PSBD)
CIK:        0001794776
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001213900-24-066737
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palmer Square BDC Q2 NII $0.48/sh (vs $0.56 YoY), NAV $16.85 (down from $17.16), declares $0.42 base dividend
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- Total investment income $36.5M, up from $27.4M YoY; net investment income fell to $15.8M ($0.48/sh) from $14.2M ($0.56/sh).
- NAV per share $16.85 as of June 30, down 1.8% from March 31; portfolio yield dropped to 9.82% from 10.11%.
- Net realized and unrealized losses of $10.4M in Q2 vs gains of $9.7M a year ago; debt-to-equity rose to 1.49x from 1.42x.
- Q3 base dividend $0.42/sh payable Oct 14 to holders of record Sep 27; supplemental expected in Sep. Q2 distributions were $0.47/sh.
- No investments on non-accrual; closed $400.5M CLO (Palmer Square BDC CLO I) in May 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794776/000121390024066737/0001213900-24-066737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794776/000121390024066737/ea0210830-8k_palmer.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-066737

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